Palantir, Microstrategy, And Axon Enterprise To Join Nasdaq 100

Palantir (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) are group to subordinate nan Nasdaq 100 Index connected Monday, Dec. 23, replacing Super Micro Computer (SMCI), Moderna (MRNA), and Illumina (ILMN), arsenic portion of a reconstitution of nan index, nan Nasdaq said Friday. 

It was a large week for nan Nasdaq 100, which topped nan 20,000 level for nan first clip ever Wednesday, arsenic tech stocks soared successful nan aftermath of ostentation information reinforcing expectations of a complaint cut by nan Federal Reserve adjacent week.

The Nasdaq 100, which contains nan 100 largest non-financial assemblage companies successful nan Nasdaq Composite Index, is reconstituted annually successful December and rebalanced quarterly to weight its constituents by market capitalization.

The Dow and S&P 500 besides precocious announced changes to their members. Apollo Global Management (APO) and Workday (WDAY)are set to subordinate nan S&P 500 later this month, replacing Qorvo (QRVO) and Amentum (AMTM).

Last month, artificial intelligence (AI) darling Nvidia (NVDA) joined nan Dow Jones Industrial Average, replacing storied chipmaker Intel (INTC). Paint shaper Sherwin-Williams (SHW) besides joined nan index, successful nan spot of chemic elephantine Dow (DOW).

Palantir, MicroStrategy's Inclusion Follows Recent Gains

Palantir’s banal has soared this twelvemonth connected nan backmost of increasing request for its AI offerings. Its inclusion successful nan Nasdaq 100 besides follows a strategical move to nan Nasdaq from nan New York Stock Exchange past period to go eligible. 

Shares of MicroStrategy person surged on pinch nan value of bitcoin (BTCUSD) successful nan aftermath of Donald Trump’s reelection, pinch nan President-elect saying he wants to make nan U.S. nan "crypto superior of nan planet."

Super Micro Computer Faces Key Deadline to Avoid Delisting

The determination to driblet Super Micro Computer comes arsenic nan server shaper faces a February deadline to record its delayed yearly report, aliases look delisting by nan Nasdaq. 

The banal has had a volatile fewer months, rocked by concerns astir allegations of accounting manipulation and delinquent disclosures, pinch nan banal solidly successful antagonistic territory for nan twelvemonth conscionable a fewer weeks ago, earlier recovering those losses successful nan past month. Through Friday’s close, nan banal was up astir 30% this year—though good disconnected 2024 highs.